solvency
B2CEFR level
50/100Rarity: uncommon
TechnicalRegister
Law noun
The state of being able to meet debts as they fall due.
The directors signed a statement of solvency before the capital reduction proceeded.
Business noun
The ability to meet long-term obligations and keep total assets above total liabilities.
Liquidity was fine, but the pension shortfall raised real questions about the group's long-run solvency.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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